Huntington Ingalls Industries, Inc. (NYSE:HII) Position Lessened by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,709 shares of the aerospace company’s stock after selling 179 shares during the period. Asset Management One Co. Ltd.’s holdings in Huntington Ingalls Industries were worth $3,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $26,000. Evermay Wealth Management LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $31,000. Kathleen S. Wright Associates Inc. bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $29,000. Family Firm Inc. bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $35,000. Finally, Rothschild Investment LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $37,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $202.66 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.71 and a beta of 0.55. The stock’s fifty day simple moving average is $252.39 and its 200 day simple moving average is $256.25.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company posted $3.70 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.66%. Huntington Ingalls Industries’s payout ratio is presently 29.36%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HII. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. Barclays dropped their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $233.13.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.